Originally Posted by The Knife
I find it hard to see how Private Fuel is such a bargain now, especially in a 1.4.
The BiK charge on fuel is £14,400 x the tax rate from the car's CO2 x your highest tax rate.
So if the Corsa 1.4 is taxed at 17%, your free fuel costs:
£14,400 x 17% = £2448 x your tax, say £538 @ 22% or £979 at 40%.
With fuel at 80p/litre and combined mpg at 39mpg, you have to drive 5764 miles or 10489 to break even. And that is for an economical car with low BiK.
the corsa is currently 15% so at 22% tax rate its £475 a year... now i average about 30mpg - remember its a 1.4 soooo.. in the real world that doesn't mean better economy it means worst economy coz you need to thrash it all the time.
i also drive around 14000 personal miles a year and use optimax, you redo the math with these figures and its a bargin
okay i'll redo coz i'm bored lol
fuel 84.9 with average 30 mpg means to break even i need to do 3730 miles
